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  System and method for processing bankruptcy claimsUSPTO Application #: 20070299768Title: System and method for processing bankruptcy claims Abstract: A method is disclosed. The method includes sending bankruptcy notification messages to a plurality of creditors. The bankruptcy notification messages notify the creditors that various debtors have filed for bankruptcy. Requests are received from the plurality of creditors to file proofs of claims for debts owed by the debtors to the creditors with bankruptcy organizations. The requests are aggregated from the plurality of creditors, and the proofs of claims are filed with the bankruptcy organizations. (end of abstract) Agent: Townsend And Townsend Crew LLP - San Francisco, CA, US Inventors: Melyssa Barrett, Eric Christopher Lundquist USPTO Applicaton #: 20070299768 - Class: 705 38 (USPTO) The Patent Description & Claims data below is from USPTO Patent Application 20070299768. Brief Patent Description - Full Patent Description - Patent Application Claims
CROSS-REFERENCES TO RELATED APPLICATIONS [0001]This application is a non-provisional of and claims priority to U.S. Provisional Patent Application No. 60/816,129, which was filed on Jun. 22, 2006, U.S. Provisional Patent Application No. 60/818,261, which was filed on Jun. 29, 2006, and U.S. Provisional Patent Application No. 60/819,553, filed on Jul. 7, 2006, which are which all herein incorporated by reference in their entirety for all purposes. BACKGROUND [0002]When a debtor files for a Chapter 13 bankruptcy in a bankruptcy court, the creditors associated with the debtor need to file proofs of claims (POCs) with the bankruptcy court in order to be included in the repayment plan under Chapter 13. Each court has its own electronic system for accepting the electronic filings of proofs of claims. This process is fairly simple for a creditor that needs to file a single proof of claim with a single bankruptcy court. [0003]The proof of claim filing process is not that simple for a creditor with many proofs of claims to file. A large creditor such as a bank may be associated with a number of debtors. For example, an issuer bank may have a number of different debtors who have defaulted on loans made by the bank. These debtors may have filed for bankruptcy in the various bankruptcy courts around the country. In some cases, the bank may have to file proofs of claims in almost 100 different, separate court systems. This is a particularly burdensome and time consuming task. In addition, any information resulting from the filing of a proof of claim may not be systematically tracked for the bank, since it is likely that the filing systems for one or more court systems may not interface with the bank's computer system. [0004]It would be desirable to allow creditors such as banks to systematically file proofs of claims in various bankruptcy courts and allow those banks to systematically track such filings. This will ultimately decrease the cost of bankruptcy processing to those creditors and will ultimately allow them to process more claims and recover more of their debts. [0005]Another problem associated with filing many proofs of claims is that the various bankruptcy courts have filing systems that are not configured in the same way. This makes it difficult to do automatic mass proof of claim filings. [0006]One way to address this is to create a computer program for each individual court. Each computer program would be specifically created and adapted to a particular court and allow for automatic filing. This option, however, is particularly time consuming. In addition, even if it could be done, courts often change the configurations of their filing systems, and such specialized computer programs would need to be consistently and manually updated each time a court decides to change the configuration of its filing system. This again is a laborious task that may be impractical in some cases. [0007]Embodiments of the invention address the above problems, as well as other problems. BRIEF SUMMARY [0008]Embodiments of the invention are directed to bankruptcy claim processing systems and methods. [0009]One embodiment of the invention is directed to a method comprising receiving requests and data records from a plurality of creditors to file bankruptcy documents with a plurality of different bankruptcy organizations, and automatically generating the bankruptcy documents with the received data records. The bankruptcy documents are suitable for filing with different bankruptcy organizations. The bankruptcy documents are batch filed with the different bankruptcy organizations. The different bankruptcy organizations may be bankruptcy courts. [0010]In another embodiment of the invention, a server computer at a data processing organization may receive requests from a plurality of creditors to file proofs of claims for debts owed by debtors to the creditors with a plurality of different bankruptcy organizations. Each request can include data records for generating a proof of claim. Then, proofs of claims are automatically generated and formatted for filing with different bankruptcy organizations. The proofs of claims are then batch filed with different bankruptcy organizations along with any backup documentation that would support the proofs of claims. [0011]Other embodiments of the invention are directed to computer readable media, servers, and data processing systems that are associated with the above-described methods as well as other methods disclosed herein. BRIEF DESCRIPTION OF THE DRAWINGS [0012]FIG. 1 is a block diagram showing components of a data processing system. [0013]FIG. 2 is a block diagram showing components of a computer apparatus. [0014]FIG. 3 is a block diagram showing processing modules that can be used in embodiments of the invention. [0015]FIG. 4 is a flowchart illustrating how the processing modules in FIG. 3 can process bankruptcy claim information. [0016]FIG. 5 is a POC input record text file. [0017]FIG. 6 is a daily summary report of POC filings. [0018]FIG. 7 is a POC validation report. [0019]FIG. 8 is a backup documentation validation report. [0020]FIG. 9 is a POC filing activity summary report. Continue reading... Full patent description for System and method for processing bankruptcy claims Brief Patent Description - Full Patent Description - Patent Application Claims Click on the above for other options relating to this System and method for processing bankruptcy claims patent application. 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